Can one of you smart people explain to me why raising the minimum wage wouldn't just increase the cost of living?

I cannot, because that is precisely what happens; ergo, nothing really changes due to greedy rich people.

However, if the minimum wage was never increased to slightly bridge the ever dividing gap, then we would all become homeless.

It is interesting how we are always kept right on the edge of poverty, however, literally living from direct deposit to direct deposit.

(October 7, 2016 at 12:08 pm)Maelstrom Wrote: I cannot, because that is precisely what happens; ergo, nothing really changes due to greedy rich people.

However, if the minimum wage was never increased to slightly bridge the ever dividing gap, then we would all become homeless.

It is interesting how we are always kept right on the edge of poverty, however, literally living from direct deposit to direct deposit.

No...this isn't what happens and that's what I want to know, why doesn't it

Sure, it'd increase the cost of living. But let's not pretend it's a 1:1 increase. I mean let's say you double the minimum wage. The prices of everything isn't suddenly going to...double. Why the fuck would it? The cost of labor in production isn't 100%. If it was, companies wouldn't make a profit.

On the other hand not raising the minimum wage leaves many people in poverty. Buying power for those people decreases as inflation goes up. Their $7.25/hour buys less and less every year.

places with higher minimum wages do not directly have higher costs of living.

Look at Seattle and Portland. Both have higher than average min wage, and lower than average cost of living for large cities. That's one reason these cities, and both states that contain them, are the top destinations to move to in the entire US.

I can't cause I'm not that smart. I did vote to increase it up to $9.25/hr in my state. Would have voted for higher but that was not an option.

There might be a slight increase, but it wouldn't be as much as the increase in wages.

Competition keeps costs down as well.

All I can say is that the cost of living is raising far beyond what minimum wage can possibly support no matter how many hours you slave away for it. Do we have a better way to fix that? I'm all ears.

(October 7, 2016 at 12:40 pm)Aroura Wrote: places with higher minimum wages do not directly have higher costs of living.

Look at Seattle and Portland. Both have higher than average min wage, and lower than average cost of living for large cities. That's one reason these cities, and both states that contain them, are the top destinations to move to in the entire US.

Umm, not that I disagree with you in general, but as far as cost of living goes, you'd find a better example than Portland. You priced rent up here lately?

(October 7, 2016 at 12:07 pm)Losty Wrote: Can one of you smart people explain to me why raising the minimum wage wouldn't just increase the cost of living?

Just add a zero to every price and wage and denom of currency and bank balance.

YEA !!! We are all rich now !!!!